Dogecoin added to deVere Crypto as interest soars

Dogecoin has been added to the deVere Crypto app.

Skyrocketing celebrity interest has seen the price of Dogecoin reach a record high, leaping four places to become the 7th most valuable cryptocurrency.

Indeed, this soaring price is due to The Elon Effect.

Last week, Tesla CEO Elon Musk, the world’s richest man, backed Dogecoin on Twitter.

The move sparked huge interest on a global scale, leading other high-profile celebs such as American rapper Snoop Dogg and Kiss rock star Gene Simmons to also endorse the cryptocurrency.

Due to this massive retail investor interest DOGE is now up more than 1,380% year-to-date.

deVere Crypto is wholly committed to growing our suite of cryptocurrencies as we’re seeing more and more that clients want a truly diversified crypto portfolio as the sector expands and moves ever more into mainstream finance.

Although it remains the dominant cryptocurrency, with around 60% of total market capitalisation, there is way more in the crypto-verse than solely Bitcoin.

Each digital currency possesses unique properties, strengths and uses for investors, so we are thrilled that deVere Crypto users are now able to trade DOGE alongside the likes of other major cryptocurrencies including Bitcoin, Ethereum, Dash, Bitcoin Cash and XRP.

I have said for a long time now that crypto is the future of money.

Indeed, it is a growing asset class and one that is to play an increasingly large role within the global financial system.

In this digitalised, globalised world, the demand for cryptocurrencies is only set to grow, and there will always be broadly-used non-fiat money from now on.

As such, as the crypto market expands and matures, deVere will continue to add more digital currencies to make sure clients can access the available opportunities.

Of course, a sufficiently diversified investment portfolio must represent the future, not the past. And, undoubtedly, cryptocurrencies are the future of money.

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